Gold price $12,000

The historical average for the gold coverage ratio is roughly 40%, meaning that the current price of gold would have to more than double to reach the average.
It gets better: “The gold coverage ratio has risen above 100% twice during 20th century,” most recently at gold’s 1980 peak. “Were this to happen today, the value of an ounce of gold would exceed $12,000.”……………………………………….Full Article: Source